• Nigerian National Petroleum Corporation (NNPC), Dr Ibe Kachikwu

    NNPC To Name Firms For Nigeria’s 2017 Oil Lifting Next Month

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    Indications emerged yesterday that the Nigerian National Petroleum Corporation (NNPC) may announce the names of companies qualified for the lifting of the country’s crude oil for 2017 by mid-December. The revelation was contained in a statement credited to Mele Kyari, NNPC’s group general manager, Crude Oil Marketing Division. According to a report by Platts, Kyari,…

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    US 2016: Clinton, Trump And Dicey Road To White House

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    The race for who succeeds President Barack Obama, which began in February, climaxed yesterday, with the former secretary of state, senator and first lady, Hillary Rodham Clinton, squaring it out, with the New York, billionaire, estate developer, Donald J. trump, in a ‘too close to call’ president election. The race began with the Parties presidential…

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    Nigeria’s Economy Still Largest In Africa–IMF

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    The International Monetary Fund (IMF) has affirmed Nigeria’s economy as the biggest in Africa, ahead of South Africa and Egypt, despite the economic recession the country is battling with. Nigeria was reported to have lost its spot as Africa’s biggest economy to South Africa in August 2016, following the recalculation of the country’s Gross Domestic…

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    Interbank Rates Soar As CBN Withdraws N400bn CRR

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    Following an increase in Cash Reserve Requirement by the Monetary Policy Committee at its last meeting on Tuesday overnight interbank lending rates rose to double digit yesterday as the Central Bank of Nigeria recalled about N400 billion from the banking system to meet the new CRR on deposits. Traders said the open buy-back (OBB) and…

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    Hulk Hogan Wins $115 Million Sextape Case

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    A Florida jury on Friday awarded Hulk Hogan $115 million with the possibility of more after finding the Gawker website violated his privacy by publishing a sex tape of the celebrity wrestler. After deliberating six hours, the jury awarded Hogan $60 million for emotional distress and $55 million for economic damages. “This is a victory…

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